Do you think your business is Future Ready? It's probably not.
“As digital transforms the business landscape, the successful organizations of the future will likely be those that can move faster, adapt more quickly, learn more rapidly, and embrace dynamic career demands.”
- Deloitte's 2017 Global Human Capital Trends.
Business transformation is happening, it's already here. Digital transformation, AI, gig economy, multigenerational workforces, remote working, skills shortage, cloud computing, big data, talent scarcity, agile, global mobility, the list goes on. Not only is WHAT we do changing but so too is HOW we do what we do. Are your people really ready?
Bob Kegan, Harvard Business School of Education says "you’re never going to be able to hire and fire your way to the competencies you need. So you have to think about how work itself can foster talent."
Traditional HR organisational structures are being replaced with networks, matrix-environments and eco-systems. For many organisations, this requires a whole new style of leader. Rather than traditionally focusing on effectiveness and cost-cutting, leaders must now be resilient, adaptable and self-aware, while building and retaining high-performing, agile teams.
Businesses need to focus on building for future capability requirements. Action must be taken to actively engage and develop talent, while a strong retention strategy is key. It is important to know your people, what drives them, what are their motivators, do they feel empowered and encouraged, are they emotionally connected to their work?
The challenges your leaders are facing are not for the faint-hearted. Businesses cannot expect all current leaders to be leaders of the future. It requires a different breed of leader. Some can be developed to succeed, mostly those with a growth mindset; others cannot.
Is your business Future Ready? Do you have the right people, in the right place, with the right capabilities, with the systems (frameworks) and infrastructures (culture & environment) to succeed?
If you'd like to discover how I can help you can improve your business' future readiness, I'd be happy to discuss it. Please call me on 0409 289 849
